Analysts’ Recent Ratings Updates for Plug Power (PLUG)

A number of research firms have changed their ratings and price targets for Plug Power (NASDAQ: PLUG):

  • 8/10/2017 – Plug Power had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $3.00 price target on the stock.
  • 8/9/2017 – Plug Power was given a new $4.00 price target on by analysts at HC Wainwright. They now have a “buy” rating on the stock.
  • 7/31/2017 – Plug Power was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/28/2017 – Plug Power was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $2.50 price target on the stock. According to Zacks, “Plug Power Inc. is a leading provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used primarily for the material handling and stationary power market. They are focused on proton exchange membrane, or PEM, fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and associated hydrogen storage and dispensing infrastructure from which multiple products are available. They sell and continue to develop fuel cell product solutions to replace lead-acid batteries in material handling vehicles and industrial trucks for some of North America’s largest distribution and manufacturing businesses. Their current product line includes: GenDrive, GenFuel, GenCare, ReliOn, and GenKey. “
  • 7/25/2017 – Plug Power was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/25/2017 – Plug Power had its “outperform” rating reaffirmed by analysts at FBR & Co. They now have a $3.50 price target on the stock, up previously from $3.00.
  • 7/24/2017 – Plug Power had its “buy” rating reaffirmed by analysts at HC Wainwright. They now have a $4.00 price target on the stock.
  • 7/24/2017 – Plug Power had its “buy” rating reaffirmed by analysts at Rodman & Renshaw. They now have a $4.00 price target on the stock.
  • 7/23/2017 – Plug Power had its “sell” rating reaffirmed by analysts at Roth Capital. They now have a $1.30 price target on the stock.
  • 7/19/2017 – Plug Power was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Plug Power Inc. is a leading provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used primarily for the material handling and stationary power market. They are focused on proton exchange membrane, or PEM, fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and associated hydrogen storage and dispensing infrastructure from which multiple products are available. They sell and continue to develop fuel cell product solutions to replace lead-acid batteries in material handling vehicles and industrial trucks for some of North America’s largest distribution and manufacturing businesses. Their current product line includes: GenDrive, GenFuel, GenCare, ReliOn, and GenKey. “
  • 7/12/2017 – Plug Power was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Plug Power Inc. is a leading provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used primarily for the material handling and stationary power market. They are focused on proton exchange membrane, or PEM, fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and associated hydrogen storage and dispensing infrastructure from which multiple products are available. They sell and continue to develop fuel cell product solutions to replace lead-acid batteries in material handling vehicles and industrial trucks for some of North America’s largest distribution and manufacturing businesses. Their current product line includes: GenDrive, GenFuel, GenCare, ReliOn, and GenKey. “
  • 7/10/2017 – Plug Power was given a new $3.00 price target on by analysts at Cowen and Company. They now have a “buy” rating on the stock.
  • 7/7/2017 – Plug Power was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

Plug Power, Inc. (NASDAQ:PLUG) opened at 2.14 on Thursday. Plug Power, Inc. has a 1-year low of $0.83 and a 1-year high of $2.70. The firm’s market cap is $478.19 million. The stock has a 50 day moving average price of $2.17 and a 200-day moving average price of $1.77.

Plug Power (NASDAQ:PLUG) last released its earnings results on Tuesday, August 8th. The electronics maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.03. The firm had revenue of $22.60 million during the quarter, compared to analyst estimates of $28.58 million. Plug Power had a negative net margin of 112.95% and a negative return on equity of 91.34%. Plug Power’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.04) EPS. Equities research analysts forecast that Plug Power, Inc. will post ($0.24) EPS for the current year.

Plug Power Inc is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market. The Company’s product line includes GenKey, GenDrive, GenFuel, GenCare and ReliOn.

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